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11:51 800 SKF EXIT 45.46 P/L +394. 45

5/12/09: 11:41 800 SKF BUY 44.95 STOP 44.70 TGT 45.45

11:21 1000 BIIB EXIT 48.25 P/L +374.22

11:15 Stop to 48.65

5/12/09: 10:47 1000 FAS BUY 9.80 STOP 9.60 TGT 10.20

5/12/09: 10:11 1000 BIIB SHORT 48.64 STOP 48.84 TGT 48.24

Tues Watchlist: LONGS: BIDU CTSH JRCC WFMI SBUX SHORTS:BIIB GRMN Gap list not showing too much, may have to wait until past 10:00 to get a good feel fortoday.

Ok. I am in the office and have to run back home to prepare for the open.... Here is RIMM short from yesterday..a pictue perfect short per my pattern setups. I will go into detail about it more later, but I wanted to get the chart posted first.

AA48, When I first started out trading I would shoot for 3:1. My commissions were $9.95 each way. Like most rookies, I did not really do the math behind trading, I just saw a trade and took it. I was breaking even to making just alittle bit of money, but alot of my trades were working in my...

ooops potemkinvillage, Don't read the last 2 (or so) pages.....will get back to trading now.

Nod, I would be the first one saying: "where are those extra spiderman underoos...I just soiled this pair!!!"

As to "part duex" of the disagreement (good work gentlemen..indeed)..... There are setups I see throughout the day that I DO NOT take because I feel the target I will need to reach compared to my risk(stop price) is not attainable. The way I come to this decision is by looking at prior support...

I will add my 2 cents into this "disagreement". The 2 to 1 r/r is based on my commission rate as well. If I didn't have to pay ANY commission I would shoot for 1.5 to 1. It all comes down to what the best ratio will be for me to trade at a 50% avg. and make the best return with commission rates...

Jeg....trading rule #8: No SLF's on monday.

No software wolfpacker, I have a list of roughly 200 stocks I scan on scottrade(ugh) I will add in stocks that I see moving alot on CNBC or read about (like pru unh mee stx ....etc) In the morning I check the gap list and see if anything is setting up per my plan.

Jeg...what a finish!!! Not much better in sports than GAME 7

Well...thank you very much dday, If I were wearing a tutu I would curtsey to you my good man.

So I wasn't the only one NYC...thought I was REALLY losing it! I can officially say I beat Mr W one day!!

Hey snake, I scan roughly 200 stocks each night, looking for extended stocks (in both directions) and stocks that look to be setting up buy/short patterns on the daily chart to play them intraday. I then scan the gap list in the morning to find early plays. I always have a few charts that I...

5/11/09: Total P/L +752.32 6 trades 3 wins 3 losses